Monday, December 31, 2012
Kansas officials say the state is finishing 2012 with strong revenue collections, beating estimates by $30 million for December.
The Revenue Department said Monday the state collected $602 million in December, compared with the $572 million that had been forecast. Individual income tax payments in December played a big role, exceeding estimates by $27 million.
December sales tax revenues came in at $184.6 million, about $5 million less than expected.
The department also said revenue collections are running $32.7 million ahead of projections for the first half of the fiscal year that began July 1.
Revenue Secretary Nick Jordan called Monday's report a positive sign for the Kansas economy.